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�t '� <br /> THE AMERICAN INSTITUTE OF ARCHITECTS <br /> � <br /> ,:,. <br /> AlA Document A310 <br /> Bid Bond <br /> KNOWALLMEN BYTHESE PRESENTS, thatwe Midwest Asphalt Corporation <br /> asPrincipal,hereinaftercallthePrincipal,and Merchants Bonding Company (Mutual) <br /> a corporation duly organized under the laws of the State of I owa <br /> as Surety,hereinafter called the Surety,are held and firmly bound unto C i t y o f 0 r o no , MN <br /> as Obligee,hereinaher called the Obligee,in the sum of F i v e P e r c e n t o f t h e B i d T o t a 1 <br /> Dollars($ 5� o f B i d ), <br /> for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind <br /> ourselves,our heirs,executors,administrators,successors and assigns,jointly and severally,firmly by these <br /> presents. <br /> WHEREAS,thePrincipalhassubmittedabidfor Navarre Fire Station—Street and Utility <br /> Improvements <br /> NOW,THEREFORE,if the Obligee shall accept the bid of the Principal and the Prinapal shall enter into a Contrad with <br /> the Obligee in accordance with the terms of such bid,and give such bond or bonds as may be specified in the bidding or <br /> Contrad Documents with good and sufficient surety fo�tfie faithful performance of such Contrad and for the prompt <br /> payment of labor and materials furnished in the prosecution thereof,or in the event of the failure of the P�ncipal to <br /> enter such Contrad and give such bond or bo�ds,if the Principal shall pay to the Obligee the difference not to exceed <br /> the penalty hereof between the amount specified in said bid and such lar�eramount forwhich the Obligee may in good <br /> faith contract with another�arty to perform the Work covered by sa�d bid,then this obligation shall be null and void, <br /> otherrvise to remain in full force an�i effect. <br /> Signed and sealed this 5 t h day of Ma y , 2 0 0 3 <br /> Midwest As halt Corporation <br /> Principap (Seap <br /> �tness) �R.��. <br /> �t/e) <br /> Merch ts Bonding ompany (Mutual) <br /> ` ,1, � (Sure (Seall <br /> � <br /> �tness) <br /> ohn McKusker, Ride) Attorney—in—Fact <br /> AIA DOCUMENT A310�BID BOND�AIA�'�FEBRUARY 1970 ED.�THE AMERICAN <br /> INSTITIIfE OP ARCHITECTS,1735 N.Y.AVE.,N.W.,WASHINCTON,U.C.20006 <br />